- The Indian equity market fell for the fourth session in five as global crude prices continued to tumble, dragging down oil explorers. Shares of Bharti Infratel surged nearly 13% to a record high on heavy volumes. - Asian stocks fell due to concerns over global growth from falling oil prices, while European shares declined for the fourth straight session as slumping oil and iron ore prices weighed on resource stocks. - Key Indian indices like the Sensex and Nifty closed lower while sectoral indices like CNX Midcap ended higher. Select stocks like IDFC and Tech Mahindra gained over 1% each. ONGC and Reliance lost over 2%.

1. CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY EQUITY REPORT 12TH DECEMBER 2014

2. CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
Daily Equity Report INDIAN MARKET
INDIAN FACE
 INDIAN EQUITY BENCHMARK fell on a fourth session in five, with oil explorers leading the decline as global crude prices continued their recent tumble, while blue chips such as Infosys fell on profit-taking.
 Further, Shares Bharti Infratel has surged nearly 13% to Rs 372 in early morning trade, also its record high on the National Stock Exchange (NSE), on back of heavy volumes.
 Puravankara Projects rose 3.42%, after the company said its latest campaign on “The Greatest Online Sale on Homes” has seen unprecedented interest from home buyers across the country.
GLOBAL FACE
 Asian stocks fell on Thursday as falling oil prices added to global growth concerns, while the dollar saw a bit of a respite against the yen and euro after successive sharp losses.
 European shares fell in early trading on losing ground for the fourth session in a row, as this week's slump in oil and iron ore prices weighed on a number of resource-related stocks.
 US stock index futures poised for a higher opening at the Wall Street on Thursday.
INDICES
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PREVIOUS
SENSEX
27602.01
27831.10
NIFTY
8292.90
8355.65 ASIAN MARKET
INDICES
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PREVIOUS
NIKKEI
17257.40
17412.58
HANG SENG
23312.54
23524.52
KOSPI
1916.59
1945.56 SECTORIAL INDICES
INDICES
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CHANGE (%)
CNX 100
8276.45
0.77
S&P CNX 500
6744.95
0.75
CNX MIDCAP
12330.05
0.88
CNX 200
4265.80
0.77
BANK NIFTY
18405.00
0.31 TOP GAINERS
SCRIPT
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CHANGE (%)
IDFC
159.90
2.53
TECHM
2614.90
1.69
HINDALCO
155.95
1.27
COALINDIA
364.40
1.21 TOP LOSERS
SCRIPT
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CHANGE (%)
JINDALSTEEL
142.90
-4.00
TATASTEEL
417.00
-3.58
ONGC
350.20
-3.02
RELIANCE
906.00
-2.85

3. CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
Daily Equity Report MARKET MOVERS UPSIDE
NIFTY SPOT TREND STRATEGY
BULLISH
BUY ON DIPS PIVOT POINTS
S3
S2
S1
P
R1
R2
R3
8152
8228
8260
8304
8336
8380
8456 NIFTY SUPPORT RESISTANCE
S1-8305
R1-8435
S2-8220
R2-8505 BANK NIFTY FUTURE TREND STRATEGY
BULLISH
BUY ON DIPS PIVOT POINTS
S3
S2
S1
P
R1
R2
R3
17761
18073
18239
18384
18550
18695
19006 BANK NIFTY SUPPORT RESISTANCE
S1-18305
R1-18665
S2-18150
R2-18855
SCRIPT
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CHANGE (%)
ITC
396.60
0.41
COALINDIA
363.70
1.01
HDFC BANK
933.60
0.24
SUNPHARMA
834.80
0.18 MARKET MOVERS DOWNSIDE
SCRIPT
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CHANGE (%)
TCS
2492.15
[0.63]
ONGC
349.45
[3.23]
RELIANCE
906.15
[2.83]
SBIN
314.05
[0.6] FII & DII ACTIVITY
INSTITUTION
NET BUY (CR.)
NET SELL (CR)
FII
3726.81
4535.08
DII
1668.07
1236.14 NSE TOTALS
INDICES
ADVANCES
DECLINES
NIFTY
17
33
BANK NIFTY
7
5

4. CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
Daily Equity Report r MARKET TALKS
revise the Bank's Base Rate from 10.40% p.a. to 10.25% p.a. with effect from December 15, 2014
 Tata power acquires thermal plant in Maharashtra
Tata Power announced acquisition of Ideal Energy Project's 540 MW thermal power plants in Nagpur, Maharashtra, which will take Tata power’s generation capacity to 8885 MW. Out of the 540 MW thermal capacities, 270 MW was commissioned in May 2013 and is based on domestic coal. Tata power signed a Share Purchase Agreement for acquisition of 100% shareholding in Ideal energy projects and the deal is subject to statutory approvals.
 Lupin launches authorized Generic for Celebrex Capsules
Pharma Major Lupin Limited announced today that its US subsidiary, Lupin Pharmaceuticals Inc. (collectively Lupin) has launched the authorized generic for G.D. Searle LLC’s (a subsidiary of Pfizer Inc.) Celebrex® Capsules (Celebrex) 50 mg, 100 mg, 200 mg and 400 mg strengths. Lupin had earlier signed a licensing agreement with Pfizer Inc. regarding Celebrex. Celebrex® Capsules had annual U.S sales of US$ 2.54 billion (IMS MAT Sep, 2014).
 India agrees to cut stakes in state banks
The cabinet approved plans to raise about Rs1.6 trillion ($25.76 billion) by selling some of its stakes in state-run banks by 2019, a government statement said on Wednesday. The government holds stakes ranging from 56% to 84% in 27 state-run banks. They account for 70% of total outstanding loans of about $1 trillion in Asia's third-largest economy.
 Cabinet approves plan to reduce govt holding in PSU Banks
The Union cabinet approved plans bring down the shareholding in PSU Banks to 52% which should help to raise Rs1.6 lakh crore of capital. The government holds stakes ranging from 56% to 84% in 27 state-run banks. The reduction in government holding is positive for PSU banks especially banks like SBI, PNB, BOI, BOB etc which are in better position to raise capital.
 Bank of Maharashtra revises its base rate
Bank of Maharashtra announced that the Bank have decided to
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